Question : Restoration of Interest Subvention Scheme

a) whether the Government has discontinued the Interest Subvention Scheme for the exporters;
b) if so, the details thereof and the reasons therefor;
c) whether the Government proposes to restore the said scheme to alleviate exporters of their problems and in view of decline in exports from the country;
d) if so, the details and the present status thereof; and
e) the additional financial burden likely to fall on banks due to restoration of the said scheme along with the reaction of the Government to provide them with additional assistance to bear the burden?

Answer given by the minister

THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY (INDEPENDENT CHARGE) (SMT. NIRMALA SITHARAMAN)

a) & b): The Interest Subvention Scheme was available upto 31.03.2014.

c) to e): A proposal for Interest Subvention Scheme to various sectors is under consideration of the Government. The details of the scheme would be available once the scheme is approved and announced.

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